Islamabad, Transsion Holdings, a leading Chinese company, has expressed a strong interest in expanding its investment in Pakistan, focusing on the manufacturing of mobile phones, electric bikes, and advancements in modern agriculture and fintech. This development was discussed during a meeting between Transsion’s founder and Chairman Zhu Zhaojiang and Prime Minister Shehbaz Sharif in Shenzhen.

According to Ministry of Information and Broadcasting, during the meeting, Prime Minister Sharif directed federal ministers and Pakistan’s Ambassador to China to collaborate closely with Transsion Holdings to formulate a strategic investment plan. Sharif emphasized the government’s commitment to providing necessary facilities to foreign investors and encouraged Transsion to consider local manufacturing for both domestic consumption and export.

The Prime Minister highlighted Pakistan’s valuable resources and the potential of its youthful workforce, suggesting these as key factors in the country’s attractiveness as an investment destination. In response, Chairman Zhaojiang outlined Transsion Holdings’ current operations in Pakistan, noting that their existing mobile phone manufacturing unit has already created jobs for over five thousand Pakistanis. He expressed enthusiasm for not only continuing but also significantly expanding these investment activities.

This move by Transsion Holdings to deepen its investment in Pakistan could bolster the country’s growing technology and agriculture sectors, potentially leading to increased exports and economic growth.